HOUSTON -- (BUSINESS WIRE) -- 6th Dimension Technologies, a wholly-owned subsidiary of Changing Technologies, Inc. (OTCBB: CHGT), has finalized its purchase acquisition of promising tech development company SumLin Technologies, LLC. The transaction furthers the Company’s transition into the booming 3D printing sector that has a projected market growth of 500 percent within the next five years.
The acquisition of SumLin Technologies, which specializes in developing innovative concepts to personalize 3D printing for the consumer end user, is a major coup for CHGT. With the 3D printing marketplace predicted to surpass $16 billion in revenues by 2018, the Company is working to expand its footprint in the rapidly growing space.
“After an intensive search of potential acquisition targets, SumLin Technologies best aligns with the Company’s vision moving forward,” CHGT CEO Omar T. Durham said. “The personalized 3D printing segment is a cutting-edge space that is on the verge of huge gains, and this acquisition allows us to potentially capitalize on the growth trajectory of this market.”
Changing Technologies, Inc. is an emerging technology company focused on developing innovative concepts to bring to consumers. It recently created a new subsidiary — 6th Dimension Technologies — to pursue additional growth areas and market needs in the booming 3D printing sector. Changing Technologies, Inc. is in the cutting-edge technology sphere alongside companies including Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF), and ExOne Co. (NASDAQ: XONE).
For more information on CHGT, please visit www.changingtechno.com/investors.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: CHGT) is a forward-thinking company working to be at the forefront of the next generation of consumer-based technology. The Company is positioning itself to leverage the global demand for the latest technological advances and the services they offer.
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